Loan Modification Quiz Question 2

Q. A borrower has a formerly World Savings Bank, option ARM loan and the current servicer is Wells Fargo. What is the most common type of modification granted for this type of loan?

A. Most of these loans are being serviced by ASC/Wells Fargo. The modification program that these loans are considered for is MAP.

We will discussing this scenario as well as many other real-world situations in our upcoming Loan Modification Boot Camp, October 17 – 19, 2014. You can read about it here.